Welcome to today's Defense Business Briefing, your weekly roundup of the latest defense industry news.
Northrop Grumman has agreed to sell its federal IT and mission support services business to private equity-firm Veritas Capital, which owns Peraton, for $3.4 billion in cash.
The chief financial officer of Huntington Ingalls said while the company expects to be reimbursed for COVID-19 costs like testing and facility cleaning, it does not expect to "be made whole" when it comes to pandemic-related program delays.
Acting Defense Secretary Chris Miller announced nine members of the Defense Business Board have been terminated and replaced.
Defense primes seek details from subcontractors on initial compliance steps with DOD's new cyber regime
The Pentagon's approach to making cybersecurity a foundational part of acquisition is mandating new compliance requirements for the defense industrial base, which could potentially create a division between primes and subcontractors when it comes to information sharing.
Mercury Systems said it has agreed to pay $310 million for Physical Optics, which designs and integrates avionics and mission subsystems for defense.
Science Applications International Corp. said sales in its most recent quarter totaled $1.8 billion, up almost 12% from the same three-month period a year earlier.
NuWave Solutions said it has acquired BigBear, which specializes in cloud-based big data analytics for national security agencies.
FLIR Systems said it has acquired Altavian, which builds small unmanned aerial systems for defense and public safety customers.
Blue Origin, the space company founded by Jeff Bezos, said it has formed a board of advisers to "provide strategic counsel on the company's mission to radically reduce the cost of access to space and the utilization of in-space resources."
Noblis said it has named Glenn Hickok vice president of its defense mission area.
Congress this week is expected to pass the fiscal year 2021 defense bill, though President Trump has threatened a veto. Senior defense officials are also scheduled to speak at several virtual events.
The Defense Department is delaying defining the "scope" of its Cybersecurity Maturity Model Certification assessments for maturity levels one and three in the first editions of its assessment guides, which assessors say will impact the ability to conduct a comprehensive audit.
Industry groups across a range of sectors are asking the Defense Department to provide more details on how its new cyber certification program will affect government contractors.
In a report issued last month, the Defense Business Board recommended the presidential transition team have at least 13 Defense Department appointees confirmed to begin work immediately after the Jan. 20 inauguration.